Tributary Capital Management LLC Lowers Holdings in Cintas Co. (NASDAQ:CTAS)

Tributary Capital Management LLC trimmed its holdings in Cintas Co. (NASDAQ:CTAS) by 21.1% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 2,680 shares of the business services provider’s stock after selling 715 shares during the period. Tributary Capital Management LLC’s holdings in Cintas were worth $490,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the business. Aaron Wealth Advisors LLC grew its position in Cintas by 2.0% in the fourth quarter. Aaron Wealth Advisors LLC now owns 2,803 shares of the business services provider’s stock worth $512,000 after acquiring an additional 55 shares during the period. Simon Quick Advisors LLC boosted its position in shares of Cintas by 5.5% during the fourth quarter. Simon Quick Advisors LLC now owns 1,213 shares of the business services provider’s stock worth $222,000 after buying an additional 63 shares during the period. KPP Advisory Services LLC boosted its position in shares of Cintas by 19.6% during the second quarter. KPP Advisory Services LLC now owns 434 shares of the business services provider’s stock worth $304,000 after buying an additional 71 shares during the period. First Hawaiian Bank boosted its position in shares of Cintas by 0.4% during the fourth quarter. First Hawaiian Bank now owns 17,105 shares of the business services provider’s stock worth $3,125,000 after buying an additional 73 shares during the period. Finally, Grove Bank & Trust boosted its position in shares of Cintas by 52.8% during the fourth quarter. Grove Bank & Trust now owns 220 shares of the business services provider’s stock worth $40,000 after buying an additional 76 shares during the period. 63.46% of the stock is currently owned by hedge funds and other institutional investors.

Cintas Price Performance

Shares of CTAS opened at $197.39 on Friday. Cintas Co. has a twelve month low of $148.75 and a twelve month high of $228.12. The stock’s 50 day moving average is $202.99 and its two-hundred day moving average is $205.70. The firm has a market capitalization of $79.65 billion, a PE ratio of 47.59, a P/E/G ratio of 3.84 and a beta of 1.37. The company has a current ratio of 1.58, a quick ratio of 1.38 and a debt-to-equity ratio of 0.47.

Cintas (NASDAQ:CTAS) last announced its quarterly earnings results on Thursday, December 19th. The business services provider reported $1.09 EPS for the quarter, topping the consensus estimate of $1.01 by $0.08. Cintas had a return on equity of 40.62% and a net margin of 17.23%. The business had revenue of $2.56 billion for the quarter, compared to analyst estimates of $2.56 billion. During the same quarter in the previous year, the company earned $3.61 EPS. The company’s quarterly revenue was up 7.8% on a year-over-year basis. Research analysts anticipate that Cintas Co. will post 4.31 earnings per share for the current year.

Cintas Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 14th will be issued a $0.39 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $1.56 annualized dividend and a yield of 0.79%. Cintas’s dividend payout ratio (DPR) is presently 37.61%.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Morgan Stanley raised their price target on Cintas from $185.00 to $202.00 and gave the stock an “equal weight” rating in a research report on Thursday, December 12th. Truist Financial decreased their target price on Cintas from $225.00 to $215.00 and set a “buy” rating for the company in a report on Friday, December 20th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $215.00 target price on shares of Cintas in a report on Friday, December 20th. UBS Group cut their price target on Cintas from $240.00 to $218.00 and set a “buy” rating on the stock in a research note on Friday, December 20th. Finally, Robert W. Baird cut their price target on Cintas from $209.00 to $200.00 and set a “neutral” rating on the stock in a research note on Friday, December 20th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $198.46.

Cintas Company Profile

Cintas Corporation engages in the provision of corporate identity uniforms and related business services primarily in the United States, Canada, and Latin America. It operates through Uniform Rental and Facility Services, First Aid and Safety Services, and All Other segments. The company rents and services uniforms and other garments, including flame resistant clothing, mats, mops and shop towels, and other ancillary items; and provides restroom cleaning services and supplies, as well as sells uniforms.